Ichalkaranji is a city in the Kolhapur district of the Indian state of Maharashtra. The city is known for its textile manufacturing industry and the export of textile goods. This city was initially a Maratha Princely state which is situated on the banks of the Panchganga River. It lies in the Panchganga valley, quite near to the neighboring city of Kohlapur. There are seven hamlets within Ichalkaranji. Ichalkaranji Municipal Council looks after the civic administration of the city. There are 65 wards in the city that are governed by the elected council members. The textile business boosts the economy of this city and raised the per capita income to Rs.116,472. Hence, the city is often referred to as the "Manchester of Maharashtra." Engineering, especially the manufacture of measuring instruments, is the second largest industry here and considerably contributes to the economy of the city. The finance sector also has a prominent presence in Ichalkaranji and provides employment opportunities to many residents. Sugarcane is also heavily cultivated at Ichalkaranji. The city has several schools and colleges that offer different types of education and courses. There are many institutes offering research facilities.
The Kumbakonam Bank Limited, the previous name of City Union Bank, was registered as a limited company on 31 October 1904. In the Thanjavur district of Tamil Nadu, the bank initially preferred the role of a regional bank. The City Union Bank had a network of 600+ computerized branches (using TCS BaNCS software) as of November 2017 and 1,526+ ATMs across the country. The City Union Bank also offers a range of technical services such as self-service kiosks, bulk note acceptors, net banking, mobile banking, and Point of Sales, etc. The banks also provide savings and deposit products to meet the demand of various customers. It also offers many loan products to serve the financial needs of small individual customers to large industries. City Union Bank launched Indias first banking robot named Lakshmi in November 2016. It is the first on-site humanoid robot in India. The robot is capable of managing multiple tasks on sensitive financial information like account details. Dr. N Kamakodi is the MD and CEO of City Union Bank since 2011. The digital banking products and services of City Union Bank includes Passbook printing kiosk, Credit card and traveling card facility, cheque clearing kiosk, etc.